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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know there's there's that you know i think i think it's a false dilemma now i think it's to me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with as you call the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would nee
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in...
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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy we are seeing that a lot of the times when things are really bad the stock market keeps growing you know and there's that you know i think i think it's a false dilemma now i think it's a me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with the as you call the real economy but don't only focus on the real economy because if you don't fix the financial system then you will have like a one month has only one leg and the other one is a wooden leg that is trailing behind you would need to work o
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in...
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Feb 20, 2013
02/13
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to raise taxes. and democrats readily fall into the trap of providing tax revenue for the government, not because democrats are weak but because democrats are responsible when it comes to taxation, and republicans know they can rely on democrats being responsible. republicans know they never have to raise money to pay their bills. they know democrats will do that. george w. bush and his republican congress knew they could enact huge tax cuts, they knew they could completely wipe out the budget surplus that bill clinton created by raising taxes eight years earlier. republicans knew they could then rack up massive deficits and never even consider fact for the two wars that george bush started. republicans knew they could do all that because they knew eventually the responsible party would come back into power and raise taxes. but how would republicanism work if the democrats never came back into power? if funding the government was actually up to republicans and only republicans? according to their the
to raise taxes. and democrats readily fall into the trap of providing tax revenue for the government, not because democrats are weak but because democrats are responsible when it comes to taxation, and republicans know they can rely on democrats being responsible. republicans know they never have to raise money to pay their bills. they know democrats will do that. george w. bush and his republican congress knew they could enact huge tax cuts, they knew they could completely wipe out the budget...
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Feb 14, 2013
02/13
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when we talk about taxes and tax reform, loopholes are part of tax reform. closing loopholes, which is what we have proposed for years , is necessary to get tax rates down and have a globally competitive tax code, create jobs. if we use loopholes to chase higher spending, we are foregoing tax reform and missing our opportunity for economic growth. that is what i want to make clear. we will hear rhetoric to the contrary. >> thank you, mr. chairman. a little bit on the math. the chairman pointed out that while we will have $1.5 trillion in cuts over the next 10 years as a result of the spending caps, there were other one-time spending measures, including the payroll tax cut, the biggest single item and that issue. there was agreement that given top economic times it was important to provide a payroll tax. we should have phased that out whether than having gone cold turkey. a big chunk had to do with lost revenue from a payroll tax cut that was supported by a great majority in this body. i think that our overall objective is to expand the economy, grow jobs, an
when we talk about taxes and tax reform, loopholes are part of tax reform. closing loopholes, which is what we have proposed for years , is necessary to get tax rates down and have a globally competitive tax code, create jobs. if we use loopholes to chase higher spending, we are foregoing tax reform and missing our opportunity for economic growth. that is what i want to make clear. we will hear rhetoric to the contrary. >> thank you, mr. chairman. a little bit on the math. the chairman...
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Feb 15, 2013
02/13
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CNBC
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we're not done cutting taxes. we went to $2 billifrom $8 bill hole to $2 billion in sur applause plus. we have to reduce costs, keep regulations to a minimum and at the same time build our workforce. >> let me go to medicaid. you were very much opposed to obama care -- >> i still am. >> you've joined a small group of governor who is are taking the expansion from obama care. why did you oppose obama care and why does it now make sense for you in ohio to gone the medicaid dole? >> i didn't get into the state exchange and have them tell us what to do out here. i also don't believe in the individual mandate. at the same time, we're also going to control ability to regulate insurance inside the state of ohio by our people. but, larry, i've got $13 billion of ohio tax dollars that i can get back here over the next seven years to cover working poor, people who earn $15,000 or less. as a ceo of a state, you just don't turn that money down. it's our money, we usually don't get anything back. in addition to that, the federa
we're not done cutting taxes. we went to $2 billifrom $8 bill hole to $2 billion in sur applause plus. we have to reduce costs, keep regulations to a minimum and at the same time build our workforce. >> let me go to medicaid. you were very much opposed to obama care -- >> i still am. >> you've joined a small group of governor who is are taking the expansion from obama care. why did you oppose obama care and why does it now make sense for you in ohio to gone the medicaid dole?...
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tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know there's there's not you know i think i think it's a false dilemma and i think it's to me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with as you called the real economy but don't only focus on the real economy because if you don't fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would n
tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the of the dire situation in the real economy where we are...
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Feb 16, 2013
02/13
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when we talk about taxes and tax reform, the polls are a part of tax reform. closing loopholes is as necessary to pay for ticket tax rates down to have -- to help businesses, to create jobs, to get people back to work. if we use to pull to chase higher spending than we are forgoing tax reform and missing our opportunity for economic growth. i just want to make that very clear for the record because people here rhetoric to the contrary. >> thank you, mr. chairman. first, just a little bit on the math. the chairman pointed out that while we will have 1.5 trillion dollars in cuts over the next 10 years as a result of the spending caps, there were other onetime spending measures. that includes a payroll tax cut which is probably the single biggest item in that. i think we should have faced that out rather than having gone cold turkey. the point is a big chunk of that number has to do with lost revenue from a payroll tax cut that was supported by the great majority in this body. as i said in my opening remarks, i think our overall objective in the short, medium, an
when we talk about taxes and tax reform, the polls are a part of tax reform. closing loopholes is as necessary to pay for ticket tax rates down to have -- to help businesses, to create jobs, to get people back to work. if we use to pull to chase higher spending than we are forgoing tax reform and missing our opportunity for economic growth. i just want to make that very clear for the record because people here rhetoric to the contrary. >> thank you, mr. chairman. first, just a little bit...
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Feb 14, 2013
02/13
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nature of the tax increase. bylet's assume it is done tax rate increases. >> it is dependent on whose tax rates were cut. but in general -- >> on the top 1% again that includes small business owners. replaced by an avifflet equivalent dollar amount, that would be an improvement for the economy because we think the pro pencity to spend would be smaller dollar for dollar than the spending -- >> the lady on the corner that owns the dry cleaning store who has her taxes increased dramatically is going to invest as much in the economy and continue with expansion plans that she had prior to that tax increase? >> i think, congressman, that the lady on the corner would find that people would come in with dry cleaning if they were the people who were working for the government or working in government contracts of the sort that would be increased by taking away the sequester. i'm not trying to play a game but that is the effect we have in mind. what businesses are most for their products. >> under that line of thinking, w
nature of the tax increase. bylet's assume it is done tax rate increases. >> it is dependent on whose tax rates were cut. but in general -- >> on the top 1% again that includes small business owners. replaced by an avifflet equivalent dollar amount, that would be an improvement for the economy because we think the pro pencity to spend would be smaller dollar for dollar than the spending -- >> the lady on the corner that owns the dry cleaning store who has her taxes increased...
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tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the the dire situation in the real economy where we are seeing that a lot of the times when things are really bad the stock market keeps growing you know and there's that you know i think i think it's a false dilemma now i think it's a me rush be careful attention i'd say if you only focus on the financial system. then you will have a problem with as you call the real economy but don't only focus on the real economy because of your own fix the financial system then you will have like a one month that has only one leg and the other one is a wooden leg that is trailing behind you would need to wor
tax emissions make it make your tax system greener ok tax property tax. real estate their lives distortive and more socially progressive than it is to for example give subsidies for the consumption or the production of fossil fuels today some of the things you mentioned are really troubling you know the efforts to try and to boost the competitiveness of the real economy and what we're seeing now is this growing divide between the health of the financial sector and the the dire situation in the...
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Feb 16, 2013
02/13
by
FBC
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but we are going to have to raise taxes and taxes probably a lot. i'm not saying that the buffett rule is the solution. do we need to look broadly at the whole income tax question. rich people move their income overseas and we need to look at the whole tax question. [talking over each other] [talking over each other] neil: i disagree with the premise that we have to raise taxes. my concern is there is a disproportion of attention to raising revenue than generators to cutting spending all the time. what are you going to do after this report came out, social security, they decide we are going to do with the income tax and i will solve it right there. in other words, immediate knee-jerk response will raise taxes. >> welcome i think the question is how much government do you want and how will you pay for it. if you want to get rid of the federal government, just close it down and lay that down. >> that would be a major benefit and huge boon for the economy. >> before you redistribute all this and, through taxes, it has to be created. that is what free m
but we are going to have to raise taxes and taxes probably a lot. i'm not saying that the buffett rule is the solution. do we need to look broadly at the whole income tax question. rich people move their income overseas and we need to look at the whole tax question. [talking over each other] [talking over each other] neil: i disagree with the premise that we have to raise taxes. my concern is there is a disproportion of attention to raising revenue than generators to cutting spending all the...
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Feb 15, 2013
02/13
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MSNBC
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tax increases destroy jobs. >> since taxes destroy jobs, the only logical tax rate for the republican party in washington to support would be zero. on everything. personal income, capital gains, gasoline, every single federal tax rate should be zero. that is the logic of the republican position. in the world in which this guy is considered the leadi ining intellectual of the anti-tax movement, if washington had no democrats, taxes could never go up. they could only go down and they'd eventually go to zero or just low enough to pay for the defense department and nothing else. right? i mean, that's 21st century republicanism. or is it? if you want to see a world with no democrats, there's no better place to go than wyoming. the state's entire congressional delegation is republican. that's two senators and only one congressman. the governor of wyoming is a republican. the state senate has 26 republicans and 4 democrats. the state house has 52 republicans and 8 democrats. the state legislature is 85% republican in both bodies. governing in wyoming never requires the slightest consultation
tax increases destroy jobs. >> since taxes destroy jobs, the only logical tax rate for the republican party in washington to support would be zero. on everything. personal income, capital gains, gasoline, every single federal tax rate should be zero. that is the logic of the republican position. in the world in which this guy is considered the leadi ining intellectual of the anti-tax movement, if washington had no democrats, taxes could never go up. they could only go down and they'd...
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Feb 17, 2013
02/13
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taxes." this same report states that nebraska's top personal income tax rate is the 35th highest in america and higher than every one of our neighboring states. additionally, 23 states exempt a portion of or all retired military pay, but nebraska does not. forty-three states exempt a portion of or all social security income from taxation, but nebraska does not. forty-two states don't have an inheritance tax, but nebraska does. according to the tax foundation, nebraska's business tax climate is 31st out of fifty states. that's mediocre at best. we are not even in the top half of all states. missouri is 16th. colorado is 18th. kansas is 26th. wyoming and south dakota are one and two. only iowa ranks lower at 42nd. while rankings are important, this is really about the next generation of nebraska's leaders -- our sons and daughters, and our grandchildren. how many of you have sons and daughters, grandchildren, brothers and sisters and other family members who no longer live in nebraska because t
taxes." this same report states that nebraska's top personal income tax rate is the 35th highest in america and higher than every one of our neighboring states. additionally, 23 states exempt a portion of or all retired military pay, but nebraska does not. forty-three states exempt a portion of or all social security income from taxation, but nebraska does not. forty-two states don't have an inheritance tax, but nebraska does. according to the tax foundation, nebraska's business tax...
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Feb 14, 2013
02/13
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last year, we showed the tax expenditures through the individual income tax and the payroll tax were larger than government spending in social security, larger than spending on defense, larger than spending on medicare. the distribution varies a good deal across tax expenditures. some of them benefit higher income people, disproportionately. others are more focused on lower income people. we have some work under way. >> there's a lot of complaints about the 50% of the people who don't pay any income tax and so, i mean, the tax expenditure program for homeowners and for charitable donations, which are good tax expenditures, there's a lot of waste in it as well. i just want to -- i just want to you stipulate in your testimony here that in fact there is a lot of spending that is done through tax expenditure programs and it increases the income disparity. >> i think -- >> and regressive. >> i think many economists agree that tax expenditures are best thought of as government spending, even though they appear in the budget -- >> and they're regressive. are they regressive? >> we have work
last year, we showed the tax expenditures through the individual income tax and the payroll tax were larger than government spending in social security, larger than spending on defense, larger than spending on medicare. the distribution varies a good deal across tax expenditures. some of them benefit higher income people, disproportionately. others are more focused on lower income people. we have some work under way. >> there's a lot of complaints about the 50% of the people who don't pay...
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Feb 15, 2013
02/13
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FBC
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it, taxes? >> i think it's a number of reasons. i think taxes are certainly a huge and-- it's such a huge key factor, but i also think that you know, you've got great quality of life down here. obviously, the weather is pretty much perfect year round, but certainly, you know, we've seen a lot of big business, recently moved to miami and governor scott in florida has done a great job with incentivizing big business to move to miami pand the hedge fund managers, apex fund services and all of these type of big business and big finance caters to these types of clients in this region and i think, certainly, miami is a lot more than beaches and cruise ships, now, there's a great cultural revival, huge emphasis on contemporary art and philanthropy. so it offers a total life style choice for these type of giants. >> do you encourage the tax, i'm not going to call it tax avoidance, but minimizization angle of your business, do you? >> well, i'm just happy that business is doing well, you know? and so we'
it, taxes? >> i think it's a number of reasons. i think taxes are certainly a huge and-- it's such a huge key factor, but i also think that you know, you've got great quality of life down here. obviously, the weather is pretty much perfect year round, but certainly, you know, we've seen a lot of big business, recently moved to miami and governor scott in florida has done a great job with incentivizing big business to move to miami pand the hedge fund managers, apex fund services and all...
WHUT (Howard University Television)
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Feb 13, 2013
02/13
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WHUT
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>> i still think that a progressive consumption tax or value added tax emphasize on the word progressive would be a good step for this country because if you look at the long term deficit forecast in both glen and david touched on this, let's assume for the moment the sequester or an equivalent amount of deficit reduction occurs all we done is stabilize the d of gdp ratio to 6 or 7% for the next eight years and then it explodes again. there's no scenario under which he we aren't going to have to as david said raise revenue pretty substantiately and i think a good way to do that would be either a carbon tax and/or a progressive. we're a long way from that. if you think simpson-bowles is hard an added tax would be excruciating. you can't count anything out because the size of the problem. >> rose: thank you roger i know you have to leave. thank you very much for joining us from boston. there's a piece in the paper about the president in the "new york times." how he's different this time. tell me what is the, what's the conventional wisdom in washington as to whether the president's mine se
>> i still think that a progressive consumption tax or value added tax emphasize on the word progressive would be a good step for this country because if you look at the long term deficit forecast in both glen and david touched on this, let's assume for the moment the sequester or an equivalent amount of deficit reduction occurs all we done is stabilize the d of gdp ratio to 6 or 7% for the next eight years and then it explodes again. there's no scenario under which he we aren't going to...
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Feb 15, 2013
02/13
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CSPAN2
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and pay on my taxes. >> but did you pay taxes? did your in texas. >> i lost money on the investment. so, in fact, i lost money. i did not have a great deal of income. >> thank you. >> thank you. appreciate it. following the financial crisis many lessons are learned by many financial firms including city taking actions to improve their performance operations responsibilities. my questions relate to the time that you were there, and frankly i do now believe that i have a good understanding of your responsibilities as managing director and chief operating officer at citi group units. you have said that you were not involved in investment, decisions and portfolio management. however, while you may not have selected assets that citi invested in or managed any portfolio, citi group organizational charts seem to identify that you were tied to investing research, investment, and other such activities like liquid and illiquid operations. during your time on wall street it was not clear to me whether risky securities that were alleged to ha
and pay on my taxes. >> but did you pay taxes? did your in texas. >> i lost money on the investment. so, in fact, i lost money. i did not have a great deal of income. >> thank you. >> thank you. appreciate it. following the financial crisis many lessons are learned by many financial firms including city taking actions to improve their performance operations responsibilities. my questions relate to the time that you were there, and frankly i do now believe that i have a...
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troubling taxes your. small business left at home struggling to stay afloat a report on that is coming up after a break. speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the ip interviews intriguing stories for you. to find out more visit. use continues here on r t reports say cattle has handed the syrian embassy to the opposition the building has been closed for about a year after the gulf nations cease to recognize as a ruling regime one of syria's opposition leaders claims he has been appointed ambassador to cattle for for more on this i can talk to london based syrian political activist abdullah that qatar is the first to handover an embassy to the syrian national coalition are we likely see other countries follow his example nell . it's quite possible that other countries will follow especially countries on qatar exercise financial or. is this a positive step could actually now effectively push this conflict to some sort of conclus
troubling taxes your. small business left at home struggling to stay afloat a report on that is coming up after a break. speak your language. programs and documentaries in arabic it's all here on. reporting from the world talks about six of the ip interviews intriguing stories for you. to find out more visit. use continues here on r t reports say cattle has handed the syrian embassy to the opposition the building has been closed for about a year after the gulf nations cease to recognize as a...
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Feb 14, 2013
02/13
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CSPAN2
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tax more. that is not where this country should be going. i reject that as the right approach. and particularly, it's contrary to the steps we took in august. one reason the agreement was reached on the fiscal cliff in early january this year was that we had spending cuts last augu august, and they got some tax increases in january. but not more. and those tax increases should have been for the purpose of reducing debt, not funding new spending. to sum up the matter, in august of 2011, congress and the president agreed and passed legislation to reduce by a small amount the growth of federal spending from $47 trillion to $45 trillion. the spending of the united states would increase approximately $8 trillion instead of $10 trillion. that would not damage american government. we certainly should be able to function as a nation with that kind of substantial increase in spending. and it's happening every day in cities and counties and states throughout america. they're dealing with far worse reduct
tax more. that is not where this country should be going. i reject that as the right approach. and particularly, it's contrary to the steps we took in august. one reason the agreement was reached on the fiscal cliff in early january this year was that we had spending cuts last augu august, and they got some tax increases in january. but not more. and those tax increases should have been for the purpose of reducing debt, not funding new spending. to sum up the matter, in august of 2011, congress...
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Feb 15, 2013
02/13
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WETA
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carbon tax, federal gas tax is going up a bit. something like that. you can get another few hundred billion a year out of that. that gets you up to 3.5. the last trillion is where the rubber meets the road. i think all of that, maybe dems and republicans wouldn't automatically admit they would be willing to do it but all of that is within the realm of reason. the last trillion is the hard part. because then you're making very tough choices about which specific taxes to raise versus which specific spending cuts. >> rose: what choices would you recommend the country make. >> in my opinion and i do work some with the congressional budget office, although they are nonpartisan, this is just my opinion. i would make four or five big choices. i would, indeed, put up some sort of carbon tax. and for the sake of call all of us and future generation. >> rose: the congress went crazy over cap and trade. >> cap and trade is a crazy thing to doment but also, also, frankly, the world has changed. i mean it's a lot hotter now and people are noti
carbon tax, federal gas tax is going up a bit. something like that. you can get another few hundred billion a year out of that. that gets you up to 3.5. the last trillion is where the rubber meets the road. i think all of that, maybe dems and republicans wouldn't automatically admit they would be willing to do it but all of that is within the realm of reason. the last trillion is the hard part. because then you're making very tough choices about which specific taxes to raise versus which...
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Feb 16, 2013
02/13
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CNBC
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there was a tax hike. payroll taxes went up. tax refunds are going to be late because of the whole issue of the fiscal cliff and so forth. how much trouble do you think we're going to have? >> i've been pleasantly surprised so far. i thought we were going to see a bigger hit from the payroll tax shift. the consumer's been very robust. we talked about that. you talked about that on this network a lot. i'm surprised. i'll be really interested to see if other retailers follow. and once we see the february numbers in, if there really is this kind of a downturn. but i don't think so. i think the consumer has been pretty robust. i think the jobs numbers are still looking pretty good. and i think we're going to be in okay shape. >> you know, it's interesting. greenspan was on the network today. maria bartiromo was interviewing him. morgan, let me just ask you. he said if the stock market holds up then a, the economy's going to hold up and, b, the consumer is going to hold up. now, i thought that was quite interesting. what's your take
there was a tax hike. payroll taxes went up. tax refunds are going to be late because of the whole issue of the fiscal cliff and so forth. how much trouble do you think we're going to have? >> i've been pleasantly surprised so far. i thought we were going to see a bigger hit from the payroll tax shift. the consumer's been very robust. we talked about that. you talked about that on this network a lot. i'm surprised. i'll be really interested to see if other retailers follow. and once we...
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they could lose their competitive edge if their country was low taxes and cut with a high taxes capital flow well to country with low taxes in the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business but he can't owns a haulage company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over mainland europe he says that lowering the current rate of tax would not just make big changes to his business but also to the lives of his staff that's where not only can his was our current he would be super first i could pay higher salaries this is a very important issue right now due to the rise in the cost of living also i can invest more into the company and grow the business even employ more people everyone benefits something that is impossible under the current tax system. those in power argue that the problem in european countries right now is that taxpayers want to have
they could lose their competitive edge if their country was low taxes and cut with a high taxes capital flow well to country with low taxes in the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business but he can't owns a haulage company in munich currently he employs around ninety people transporting everything from the small to the big...
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Feb 19, 2013
02/13
by
FBC
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it's kind of a sales tax. health insurers have to pay this tax back into the government. and so what basically is going on is too important groups in washington d.c. the congressional budget office and the joint committee on taxation are saying get this, at the consumers, businesses are going to have their health insurance premium go up because the health insurance industry is going to pass this tax along. and the number here. $101 billion over ten years. how that maps out, what that equates to four, you know, insurance premium hikes for the average family, $7,200 over two years. the $720. lou: an addition to all the other taxes. >> that's right. lou: this is a stunning stuff. >> it's a whopper. it runs counter to what the president is said. you are going to keep your health insurance as it is right now. you may save money and your health insurance. that's not the case. does not overseeing. lou: we are hard-pressed rather than to say what the president misrepresented got to find anything but he said that was correct as he sold obamacare to the american people. i honestly
it's kind of a sales tax. health insurers have to pay this tax back into the government. and so what basically is going on is too important groups in washington d.c. the congressional budget office and the joint committee on taxation are saying get this, at the consumers, businesses are going to have their health insurance premium go up because the health insurance industry is going to pass this tax along. and the number here. $101 billion over ten years. how that maps out, what that equates to...
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Feb 18, 2013
02/13
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CSPAN
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when he put the top rate of tax up to 50p, millionaires paid 7 billion pounds less in tax. that is what happened under his plan. but i'll tell hi them what is gg to happen in april. every single taxpayer in this country, all 24 million of them, willsee a tax cut as we raise the personal allowance. as we get close to the goals that we have of being able to earn 10,000 pounds, without paying any income tax at all. and, of course, the biggest tax cut has been for those hard-working people on minimum wage going out to work day after day who have seen their income tax bill cut i half. that's who we stand for and that's who we are helping. >> no matter how much you bluster she knows the truth. he is cut tax credits, people are worse, not better off. andoesn't it speak to how out of touch he is, mr. speaker? last week he attended the tory party winter ball. he opened up a portrait of himself for 100,000 pounds, and then -- aughter] >> and then -- [shouting] >> and then, mr. speaker, and then, mr. speaker, and then, mr. speaker, he declared without a hint of irony the ries are no l
when he put the top rate of tax up to 50p, millionaires paid 7 billion pounds less in tax. that is what happened under his plan. but i'll tell hi them what is gg to happen in april. every single taxpayer in this country, all 24 million of them, willsee a tax cut as we raise the personal allowance. as we get close to the goals that we have of being able to earn 10,000 pounds, without paying any income tax at all. and, of course, the biggest tax cut has been for those hard-working people on...
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Feb 20, 2013
02/13
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WUSA
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lower some other taxes. peggy fox is here to explain. and peggy, play ball. >> yes, it does. remember the governor proposed eliminating the gas tax. this new compromise does get rid of the tax for a smaller wholesale tax on gasoline. it makes a very confusing to figure out what that means to us. one website reader posted today that none of it made any sense and that three middle schoolers and a dog could have done better. >> entirely ditching the gasoline tax wasn't going to happen. virginia's is 17.5 cents per gallon. small compared to other states, but still appropriate. says fairfax county chairman, sharon. >> it is sort of a user fee. people who use the roads pay for those roads, pay for the maintenance of the roads. and in my mind, it was foolish to just eliminate that source of revenue. >> here's what lawmakers have worked out. they want to replace that per gallon gas tax with a 3.5% wholesale tax paid by distributors. those taxes will be passed on to consumers. one expert said it will work out to 11 c
lower some other taxes. peggy fox is here to explain. and peggy, play ball. >> yes, it does. remember the governor proposed eliminating the gas tax. this new compromise does get rid of the tax for a smaller wholesale tax on gasoline. it makes a very confusing to figure out what that means to us. one website reader posted today that none of it made any sense and that three middle schoolers and a dog could have done better. >> entirely ditching the gasoline tax wasn't going to happen....
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competitive edge if they're a country with low taxes and with high taxes capital flow well to country with a low tax and the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business but he can't owns a whole it company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over mainland europe he says that lowering the current rate of tax would not just make big changes to his business but also to the lives of his staff that's where not only can his will. he would be super first i could pay higher salaries this is a very important issue right now due to the rise in the cost of living also i can invest more into the company and grow the business even employ more people everyone benefits something that is impossible under the current tax system and that those in power argue that the problem in european countries right now is that taxpayers want to have the best of both wor
competitive edge if they're a country with low taxes and with high taxes capital flow well to country with a low tax and the same is true for people with talent there's always going to be people that think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business but he can't owns a whole it company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over...
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463
Feb 16, 2013
02/13
by
WBFF
tv
eye 463
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i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3& ellinn packkes... of anything inside a school... is not &&pexactly a good idea... / but... when the substance &p...inside... looks liike.. it''... nt.... common seesical. sennical.turnn oot the suustance is sugar... and the teenager wws sellinggthem thht way as a practical joke.the ttees father ssys the school went too far whennthee diicoveeed tte packets and called he policc... who arrested the teennhe saas his seriiusnnss offhis actions becauue of his autism. 55-57"his maturityyand emotional developmeet is &psomewhere around the level of a 10 year old or 111" -3 11.""30-1399attemptinn to &pcriminalize a kid for making a 33 sugar packet that came friim their ccffteria... i don't kkow that it gets annmore ridiculous than tha
i'm bob, we talked at the tax store. i did your taxes. i thought you were a tax expert? today, i'm a master plumber. major tax stores advertise for preparers with "no tax experience necessary." at turbotax, you only get answers from cpas, eas or tax attorneys - all real tax experts. ...than h&r block stores and all other major tax stores combined. 3& ellinn packkes... of anything inside a school... is not &&pexactly a good idea... / but... when the substance...
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110
Feb 19, 2013
02/13
by
FBC
tv
eye 110
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and can facebook start doing my taxes? it is getting a $429 million tax refund. can the growing outrage finally sparked corporate tax reform in the u.s.? even when they say this not come it is always about "money." ♪ the cost of a gallon of regular unleaded gas surging 32 days straight. the average price for a gallon of regular gasoline is $3.73 national average, up from $3.29 back on january 17. so how much more pain and drivers expect on the road ahead? let's ask senior petroleum analyst with gasbuddy.com. everybody seems confused, it is not the summer driving season. reports are dand is down and supplies are up, so why are we paying these skyrocketing gasoline prices right now? >> looking at things, we hav seen demand co-op from the data i have seen. a lot of it has to do with positive sentiment surrounding the economy, dow jones has one of the best january in years. if the dow has a great january, oil prices likely will follow. that is what we're seeing. gasoline prices following. not only that, refineries haven't necessarily switched over to summer blend o
and can facebook start doing my taxes? it is getting a $429 million tax refund. can the growing outrage finally sparked corporate tax reform in the u.s.? even when they say this not come it is always about "money." ♪ the cost of a gallon of regular unleaded gas surging 32 days straight. the average price for a gallon of regular gasoline is $3.73 national average, up from $3.29 back on january 17. so how much more pain and drivers expect on the road ahead? let's ask senior petroleum...
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106
Feb 14, 2013
02/13
by
CNBC
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eye 106
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when you focus on the gas tax, it's a hidden tax. they have no idea how much is included in a gallon of gas. when they hear what it's supposed to be committed to, improving their infrastructure, their traffic congestion, improving roads and bridges, which are woefully behind a decade or more in their disrepair, the government takes that extra gas tax money and infrastructure money and diverts it into anything it wants to. the problem most americans have with government spending is simple, they don't believe what you promise to spend it on is where it ends up. when they hear $50 billion of infrastructure, they're going to -- >> they're going to go nuts. >> you just agreed with her but she just contradicted you. >> we're open-minded people. >> this is not a tax increase. this is let's spend the money -- >> it's a spending increase which americans don't like. >> it's a spending increase. i object to this because every year -- if you talk to the guys on the transportation committees, austan, as i have, they are for infrastructure improve
when you focus on the gas tax, it's a hidden tax. they have no idea how much is included in a gallon of gas. when they hear what it's supposed to be committed to, improving their infrastructure, their traffic congestion, improving roads and bridges, which are woefully behind a decade or more in their disrepair, the government takes that extra gas tax money and infrastructure money and diverts it into anything it wants to. the problem most americans have with government spending is simple, they...
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126
Feb 13, 2013
02/13
by
FBC
tv
eye 126
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sequestration or tax hikes. >> now is not the time to raise taxes. the president got his $800 billion tax hike just about a month a half ago. if we raise taxes again it is going to read chill or kill economic growth, and if that happens we have no. neil: to you feel that by what happened is the old argument, you don't give an inch or help take a mile. he has taken is mild. i get them to accept tax hikes. i can get into accepted again. they're disorganized and over the map. i have them on the run and that will go for more tax hikes. what do you say? >> i don't think that we're going to go for it. of the republicans in the house or senate will respond with anything other than a real sense of opposition to a proposal to raise taxes yet again. neil: senator, he has opened to revenues and and not putting words in his mouth, but closing loopholes especial allowances, but he puts that out there right away. is that a mistake? >> well, to the extent that that is what he is suggesting, and that don't want to speak for him or any of my colleagues, but to the ex
sequestration or tax hikes. >> now is not the time to raise taxes. the president got his $800 billion tax hike just about a month a half ago. if we raise taxes again it is going to read chill or kill economic growth, and if that happens we have no. neil: to you feel that by what happened is the old argument, you don't give an inch or help take a mile. he has taken is mild. i get them to accept tax hikes. i can get into accepted again. they're disorganized and over the map. i have them on...